{"id":146558,"date":"2024-07-27T10:00:09","date_gmt":"2024-07-27T03:00:09","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-2024-property-slump-feels-like-its-1997-all-over-again-or-is-it\/"},"modified":"2024-07-27T10:09:17","modified_gmt":"2024-07-27T03:09:17","slug":"hong-kongs-2024-property-slump-feels-like-its-1997-all-over-again-or-is-it","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-2024-property-slump-feels-like-its-1997-all-over-again-or-is-it\/","title":{"rendered":"Hong Kong\u2019s 2024 property slump feels like it\u2019s 1997 all over again \u2013 or is it?"},"content":{"rendered":"


\nMajor developers like CK Asset had lavished discounts since the start of the year, driving prices down by about 25 per cent from their September 2021 peak.
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s 2024 property slump feels like it\u2019s 1997 all over again \u2013 or is it?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Major developers like CK Asset had lavished discounts since the start of the year, driving...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-146558","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-C7Q","jetpack-related-posts":[{"id":150838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/scmp-wins-gold-at-hang-seng-universitys-journalism-awards-with-story-on-real-estate-slump\/","url_meta":{"origin":146558,"position":0},"title":"SCMP wins gold at Hang Seng University\u2019s journalism awards with story on real estate slump","date":"April 10, 2025","format":false,"excerpt":"\r Salina Li won the Gold Award in the real estate category for her feature story that compared Hong Kong\u2019s 2024 property slump with the city\u2019s 1997 crash.\r \r Source : South China Morning Post\r Read more...SCMP wins gold at Hang Seng University\u2019s journalism awards with story on real estate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":154356,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/japanese-retailers-capitalise-on-hong-kongs-retail-property-slump-to-expand\/","url_meta":{"origin":146558,"position":1},"title":"Japanese retailers capitalise on Hong Kong\u2019s retail property slump to expand","date":"May 27, 2025","format":false,"excerpt":"\r 3Coins, an Osaka-based retailer, plans to open an outlet in Causeway Bay, joining a list of Japanese businesses that are finding value amid a slump in Hong Kong\u2019s retail real estate market. 3Coins will open its first store in mid-July in Hysan Place and will carry Japanese products including\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171768,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-central-office-rents-set-to-reverse-multi-year-slump-with-gains-in-second-half\/","url_meta":{"origin":146558,"position":2},"title":"Hong Kong\u2019s Central office rents set to reverse multi-year slump with gains in second half","date":"May 14, 2026","format":false,"excerpt":"\r Office rents in Hong Kong\u2019s Central district are expected to rise faster in the second quarter of the year, according to analysts, a reversal of a multi-year slump that began in the second half of 2019. The latest forecast was made by US bank Citi, which said premium offices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124006,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-lived-in-home-prices-fall-to-7-month-low-in-november-amid-stock-market-slump\/","url_meta":{"origin":146558,"position":3},"title":"Hong Kong\u2019s lived-in home prices fall to 7-month low in November amid stock market slump","date":"December 29, 2021","format":false,"excerpt":"\r Hong Kong\u2019s lived-in home prices fell to a seven-month low in November after peaking in August, as buyers were put off by the stock market slump and a looming interest rate increase in the United States.Prices dropped to 391.5 last month, down 1.18 per cent from October, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115006,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/all-eyes-are-on-victor-li-as-he-steers-the-cheung-kong-group-through-hong-kongs-worst-economic-slump-in-decades\/","url_meta":{"origin":146558,"position":4},"title":"All eyes are on Victor Li, as he steers the Cheung Kong Group through Hong Kong\u2019s worst economic slump in decades","date":"March 19, 2020","format":false,"excerpt":"\r Victor Li Tzar-kuoi, the elder son of Hong Kong's richest man, said the two flagship companies founded by his father nearly seven decades ago are financially adequate to survive and thrive in the city\u2019s worst economic slump in decades.CK Hutchison, which owns businesses from chemists and supermarkets to ports\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118909,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-mid-sized-developers-seek-to-create-markets-in-unlikely-niches-to-survive-citys-worst-economic-slump-on-record\/","url_meta":{"origin":146558,"position":5},"title":"Hong Kong\u2019s mid-sized developers seek to create markets in unlikely niches to survive city\u2019s worst economic slump on record","date":"October 14, 2020","format":false,"excerpt":"\r Hong Kong\u2019s real estate developers, particularly mid-sized companies that rely on a narrow segment for their sales, are diversifying their product offerings to find potential revenue in new market niches to help them survive the city\u2019s worst recession on record.\r\rSome of them are developing data centres, while others are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/146558"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=146558"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/146558\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=146558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=146558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=146558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}